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Ban demanded on fresh public contracts for G4S

Tim Webb

July 16 2012, 1:01am, The Times

Nick Buckles, the chief executive of G4S, is battling to keep his job

G4S should be barred from bidding for more public sector contracts while an investigation into the London Olympics security scandal is carried out, according to the chairman of the Home Affairs Select Committee.

Keith Vaz will chair an emergency session of the committee tomorrow when Nick Buckles, the chief executive of G4S, who is battling to keep his job, will give evidence. “There ought to be a pause in the awarding of public contracts to G4S until we get to the bottom of what went wrong,” Mr Vaz said.

His call will add to shareholders’ fears that the fiasco has caused serious damage to the prospects of the company, which relies on the public sector for more than a quarter of its revenue and which…